Two Sigma Investments LP Buys Shares of 33,175 Par Pacific Holdings, Inc. (NYSE:PARR)

Two Sigma Investments LP purchased a new stake in Par Pacific Holdings, Inc. (NYSE:PARR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,175 shares of the company's stock, valued at approximately $544,000. Two Sigma Investments LP owned about 0.06% of Par Pacific at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in Par Pacific by 821.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,714 shares of the company's stock worth $28,000 after acquiring an additional 1,528 shares during the period. US Bancorp DE raised its stake in shares of Par Pacific by 55.7% during the 4th quarter. US Bancorp DE now owns 1,823 shares of the company's stock worth $30,000 after purchasing an additional 652 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Par Pacific by 123.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,233 shares of the company's stock worth $53,000 after purchasing an additional 1,784 shares during the period. Allworth Financial LP boosted its holdings in shares of Par Pacific by 4,804.2% in the 4th quarter. Allworth Financial LP now owns 8,141 shares of the company's stock worth $139,000 after buying an additional 7,975 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new position in Par Pacific during the fourth quarter valued at about $183,000. 92.15% of the stock is currently owned by institutional investors.

Par Pacific Price Performance

Shares of PARR stock traded up $0.32 during trading hours on Thursday, reaching $23.93. The stock had a trading volume of 808,309 shares, compared to its average volume of 1,156,608. The stock's fifty day simple moving average is $17.41 and its 200 day simple moving average is $16.40. The firm has a market capitalization of $1.23 billion, a PE ratio of 4.64 and a beta of 1.68. Par Pacific Holdings, Inc. has a 12 month low of $11.86 and a 12 month high of $27.45. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84.

Par Pacific (NYSE:PARR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.54). The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.49 billion. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. On average, equities research analysts predict that Par Pacific Holdings, Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PARR. The Goldman Sachs Group cut shares of Par Pacific from a "buy" rating to a "neutral" rating and set a $19.00 target price on the stock. in a research note on Wednesday, May 28th. TD Cowen decreased their target price on Par Pacific from $21.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Mizuho upped their price target on Par Pacific from $18.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Piper Sandler lifted their price objective on Par Pacific from $21.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, UBS Group cut their target price on shares of Par Pacific from $20.00 to $14.75 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Par Pacific has a consensus rating of "Hold" and an average target price of $21.25.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.